President Donald Trump announced a 100% tariff on computer chips, exempting those made in the U.S. This decision followed a three-month temporary exemption during the COVID-19 pandemic. The move is expected to protect U.S. companies like Apple, which has committed $600 billion to domestic production, part of a collective $1.5 trillion investment by big tech in the U.S. since January. Apple’s stock rose 8% following the announcement, and Nvidia saw a slight increase. Matt Gagnon noted the nuanced nature of tariffs, comparing them to Milton Friedman’s views, which allowed for exceptions in infrastructure and defense.
They gathered at the Washington National Cathedral on Thursday — former presidents, vice presidents, sworn political foes and newfound friends — in a show of respect and remembrance for Dick Cheney, the consequential and polarizing vice president who became an acidic scold of President Donald Trump.
Melania Trump and Usha Vance took their first trip together, spending time in North Carolina on Wednesday with service members and their families to show appreciation for their service and sacrifice as the holidays approach.
Members of the Sackler family who own OxyContin maker Purdue Pharma must pay billions of dollars to settle a flood of lawsuits over the harms of opioids, in a new deal formally approved by a federal bankruptcy judge on Tuesday.
The House voted overwhelmingly in favor of a bill Tuesday to force the Justice Department to publicly release its files on the convicted sex offender Jeffrey Epstein, a remarkable display of approval for an effort that had struggled for months to overcome opposition from President Donald Trump and Republican leadership.
